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Filing year 2024

INSURANCE FRAUD BUREAU OF MASSACHUSETTS

Boston, Massachusetts·EIN 04-3107028·6
Total revenue
$11.3M
Total assets
$8.1M
Total expenses
$10.8M
Reported officers
23
Mission

The organization is an entity authorized by Massachusetts General Laws to prevent, detect and investigate insurance fraud. The Bureau works with law enforcement and public prosecutors on matters involving potential crime violation of insurance fraud laws.

Executive compensation, broken down

Form 990 · Schedule J · 8 reported individuals · Filing year 2024

Executive Director
$441k
$471k
Base
$298k
Bonus
Other
$18k
Benefits
$12k
V.p., General Counsel
officer (unspecified)
$360k
$384k
Base
$262k
Bonus
Other
$12k
Benefits
$16k
V.p., Chief of Investigations
officer (unspecified)
$279k
$298k
Base
$209k
Bonus
Other
$14k
Benefits
$4k
Deputy Chief of Investigations
highest compensated employee
$210k
$224k
Base
$147k
Bonus
Other
$7k
Benefits
$14k
Investigative Manager
highest compensated employee
$206k
$220k
Base
$143k
Bonus
Other
$2k
Benefits
$26k
Deputy General Counsel
highest compensated employee
$197k
$210k
Base
$143k
Bonus
Other
$10k
Benefits
$40k
Investigative Manager
highest compensated employee
$188k
$200k
Base
$127k
Bonus
Other
$5k
Benefits
$38k
Investigative Manager
highest compensated employee
$180k
$192k
Base
$126k
Bonus
Other
$7k
Benefits
$25k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 15 unpaid individuals.

Up 10%
from 2023

From $402k in 2023 to $441k in 2024.

$402k
2023
$441k
2024
In today's dollarsEst.
Up 6% in real terms$443k to $471k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INSURANCE FRAUD BUREAU OF MASSACHUSETTS reported revenue and expenses across 2 filing years.

RevenueExpenses
$11M
$10.6M
2023
$11.3M
$10.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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